If you are serving or retired from the Defence Forces, Central Armed Police Forces (CAPF), or Indian Coast Guard, there is good news for you. State Bank of India (SBI) has introduced important upgrades in its Defence Salary Package (DSP), CAPSP and ICGSP to make these accounts more rewarding, respectful, and customer-friendly. These changes include … Read more
State Bank of India (SBI), the country’s largest public sector bank, is ready to take digital banking to the next level with the launch of YONO 2.0 on December 15, 2025. The upgraded version of the popular YONO app promises a smoother, smarter, and more inclusive banking experience for millions of Indians. According to SBI … Read more
From 1 December 2025, the State Bank of India (SBI) has introduced revised service charges on ATM and ADWM (Cash Deposit Machine) transactions. These changes follow the increase in interchange fees and rising operational costs across the banking industry. This guide explains the new SBI ATM charges in simple English so that customers can understand … Read more
Serving the nation is a matter of pride, and ensuring financial security for those who protect us is equally important. State Bank of India (SBI), through its Defence Salary Package (DSP), has always offered special banking benefits to defence personnel. Now, SBI has further upgraded the benefits for Agniveers of the Indian Army, Navy, and … Read more
When you look at your bank’s cheque book, you may notice a series of numbers printed at the bottom. One of them is the MICR Code. Many people use this code for bank forms, ECS mandates, and account verification, but very few know what it truly means.This blog will help you understand what MICR is, … Read more
Teaching children the value of saving money at an early age is one of the best gifts we can give them. To support this, the State Bank of India (SBI) offers special savings accounts designed especially for minors. These accounts not only help children learn banking basics but also allow them to manage small transactions … Read more
Financial emergencies can come anytime, but selling your investments is not always the best option. To help customers raise funds quickly and safely, State Bank of India (SBI) offers a 100% digital Loan Against Mutual Fund (LAMF) through seamless integration with CAMS. This service allows you to borrow money instantly by pledging your Mutual Fund … Read more
Supporting India’s startup revolution, the State Bank of India (SBI) has introduced a dedicated Startup Financing Policy to help entrepreneurs access easy loans, working capital, and additional services. This policy is aligned with the Government of India’s Startup India mission and offers financial support to innovative businesses across MSME, agriculture, and allied sectors. Whether you … Read more
A Complete, Simple & Customer-Friendly Guide Based on the Latest SBI SOP When a loan account becomes a Non-Performing Asset (NPA), customers often get confused about what happens next. Many borrowers worry about legal action, loan recall, or how banks handle such accounts. To bring more transparency and help customers understand the process, the State … Read more
The Reserve Bank of India (RBI) has released a revised Master Circular dated April 01, 2025, which explains how agency banks (such as SBI, PNB, BoB, etc.) must handle the disbursement of government pensions. This circular brings together all important instructions issued up to March 31, 2025, ensuring smoother, faster, and more transparent pension payments … Read more